Vitalik Buterin Wants Centralized Exchanges To Burn in Hell

During an interesting interview at TechCrunch Sessions:Blockchain, Ethereum founder Vitalik Buterin gave his bold thoughts on how he feels about centralized exchanges.

While discussing the difficulties of decentralizing the Ethereum foundation, the conversation led into a bigger discussion on Vitalik’s lack of support on centralized exchanges, like Coinbase.

“I definitely hope centralized exchanges go burn in hell as much as possible”, Buterin stated. He also believes there’s no reason projects need to pay $10 to $15 million in listing fees in order to allow people to buy and trade coins. Buterin thinks centralized exchanges only exist to serve an interface between trading fiat funds into cryptocurrencies. One of the major benefits of decentralized exchanges are the ability to trade funds with out signing up for identity intrusive accounts.

The full interview also discusses centralization and decentralization in the crypto world, private blockchains, and promoting the right values to attract the right people.